MarketWatch/Thornton McEnery/8-28-2021
‘While financial markets have been fretting over the possibility that the Fed will start to pull back on its easy money policies before year-end, investors might want to start paying attention to the possibility that a politically intractable debate over the debt ceiling is coming and it could derail any plans that Jay Powell might have to slow asset purchases and raise interest rates.”
USAGOLD note: We are among the small group that believes both the ‘taper’ tantrum’ and the ‘debt ceiling conniption’ are highly over-rated. The more likely scenario is that the spend and print juggernaut gains even more momentum in the months to come. The wise investor will try to stay ahead of it.
